Euro zone inflation drops on smaller energy prices' growth

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Source: Reuters
© Scanpix/AFP
The eurozone inflation inched lower, as the pace of energy prices' growth slowed down. According to Eurostat, the inflation in the eurozone in October was 2.5 per cent on yearly basis, stepping lower from a rate of 2.6 per cent in September. However, the inflation is still not complying with the ECB's target of 2 per cent.  Soaring energy and food prices were mainly pushing up the inflation.
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